Banking stories
Her appointment signals Shield's push to sharpen its compliance software as banks grapple with tighter communications monitoring and AI oversight.
Banks and insurers face rising losses as deepfake fraud is now estimated at USD $40 billion a year, with voice cloning fuelling most cases.
Operational gaps are undermining banks' fraud defences, with only 41% fully connecting key data despite strong plans to increase AI spending.
The deal should help large firms deploy safer AI systems, with HCLTech adding Claude to services and software for banks, hospitals and manufacturers.
Fraud teams can now flag suspicious devices before login, as PoSA v1.11 adds real-time risk scores to help stop account takeovers earlier.
Financial firms can now give AI agents governed access to Bloomberg data, with context that clarifies currency, pricing and timing.
Banks and card networks may need new checks as software agents start buying on customers' behalf, blurring fraud and consent.
The new tools are already in use at Educated Mortgage, as lenders seek to cut manual work and speed up turnaround times.
The rapid uptake shows Bir is becoming a mass-market daily banking platform, with 90% of customers now using its app for routine transactions.
Financial firms can now let AI agents pull licensed Bloomberg data through a standardised interface that also supplies the context needed to use it correctly.
Production trials at 12 banks and financial institutions cut manual post-trade reconciliation work by an average of 76%, Duco said.
Core India operations stayed profitable as the payments firm expanded overseas and pushed into AI, even after a USD $10 million net loss.
The merger will leave MyState with one core banking system, reducing complexity and supporting digital services across the combined lender.
Eligible US startups can now use NetSuite's accounting tools free, as Oracle pushes founders to adopt finance software before spreadsheets start to fail.
Banks and phone firms face pressure to do more, as 34 per cent of Canadians say they were targeted by a scam in the past year.
The move has helped lift member engagement, with digital banking users up 42% and in-branch account opening now up to five times faster.
The London start-up will use the funding to expand autonomous attack testing as firms face more frequent, AI-driven cyber threats.
The hire comes as the financial crime compliance software group expands globally to meet tougher anti-money laundering rules and rising scrutiny.
The appointments support Convera's push to integrate cross-border payments, FX risk tools and multi-currency services for business customers.
Selected Queensland customers can now verify their identity at NAB branches by sharing a mobile driver licence, cutting manual checks and document handling.
